News
Wanna Cry fails to boost cyber insurance take up
The recent surge in ransomware virus attacks has seen little increase in enquiries for cyber insurance cover, survey findings suggest.
Hiscox’s Robert Childs appointed deputy chairman of Lloyd’s
Industry heavyweight Robert Childs, non-executive chairman of Hiscox, has been appointed deputy chairman of Lloyd’s.
Latitude Brokers opens Korea office
Latitude Brokers has opened an office in Korea, the third for the marine insurance specialist in Asia.
Compre launches Maltese insurance company
Compre is to establish an insurance company in the Republic of Malta.
Merged Aston Scott and Lark to target Chartered brokers for acquisition
The new broker created from the merger of Aston Scott and Lark will look to strengthen its offering through further acquisitions.
Chaucer acquires Australian Lloyd's coverholder
Chaucer has acquired Australian underwriter and Lloyd’s coverholder, SLE Worldwide Australia as part of its plan to expand.
Markerstudy injects capital to fix £109m solvency deficit
Markerstudy was forced to inject fresh cash into the business after falling short of its solvency requirement by £109m.
Analysis: The truth behind the broken system of dual pricing
The industry has faced sustained attacks in recent months for its ‘shameful’ practice of raising rates for loyal customers, with one newspaper calling for the government to ‘punish the insurance pirates’.
SSP launches broking platform
Broking software provider SSP has launched a replacement product for its Pure platform.
AA left embarassed by self-inflicted DDoS attack
Motor insurer AA crashed its own servers after mistakenly sending a 'password update' email to customers.
This Week in Post: Outdated and out of there
I was recently lamenting shortage of space in my toy-cluttered flat and a (childless) colleague mentioned the baby cages Victorian households used to hang out of their windows. “There were mercifully few deaths,” he joked, as I gazed at an online image…
Aston Scott to merge with Lark Group
Aston Scott and Lark Group have reached an agreement to merge, subject to regulatory approval.
Former Paymentshield CEO Steve Wood joins NHBC as CEO
Former Paymentshield CEO Steve Wood has been appointed CEO of NHBC.
R&Q sells Norwegian Triton to Gabler
R&Q has sold its Norwegian service company R&Q Triton AS to Gabler AS.
Apple to help businesses get discounts on cyber policies
Apple is working with tech company Cisco Systems in order to help businesses to get discounts on their cyber security insurance policies, Reuters has reported.
Lloyd's broker Servca expands Canadian footprint
Specialist Lloyd’s broker Servca has expanded footprint into Canada, providing regional Canadian brokers with direct access to Lloyd’s of London.
Acturis acquires German software company Lutronik
Acturis Group has acquired broker software company Lutronik based in Wesel, Germany.
Report: Zhong An files for IPO in Hong Kong
Chinese internet only insurer Zhong An has filed for an IPO in Hong Kong according to reports.
Fitch revises Lloyd's outlook to negative
Fitch Ratings has downgraded Lloyd's of London's outlook to negative from ‘stable’ issuing a stark warning over the markets due deteriorating underwriting performance and increased exposure to catastrophe risk.
Broker influx sees Acturis's revenue jump 20%
Acturis has said that winning broker clients from rival software houses accounted for a 20% spike in revenue over 2016.
Dive In to delve into the 'Diversity Dividend'
The 'Diversity Dividend' is the theme of the third edition of the Dive In festival taking place in September.
AIG plans acquisitions under incoming CEO
AIG is planning to slow the pace of share buybacks and instead spend on acquisitions, CEO Brian Duperreault has said.
Aquila sells Vectura Underwriting stake to Nexus Group
Aquila Underwriting has sold its interest in Vectura Underwriting to the Nexus Group.
Ed appoints James Blacker as P&C managing director
Global reinsurance, wholesale and specialty broker Ed has appointed James Blacker as managing director of property and casualty.